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business bureau. fraud was so rampant in the wake of hurricane katrina in 2005 the government created a disaster fraud team which is said to have prosecuted nearly 1,500 people involved with running scams related to katrina and rita. meanwhile, countless americans are opening their wallets to victims of the superstorm. about $11.4 million so far has been donated to the red cross, two days after the storm. that's more than the $8 million donated after hurricane isaac. a music telethon dedicated to sandy and led by bruce springsteen, bon jovi and billy joel will air on nbc tonight. climate change failed to become a major headline story in the presidential election... until now. in the aftermath of hurricane sandy, new york mayor michael bloomberg noted the summer drought, melting ice caps and rising temputures as reasons to take action on climate change. then on thursday in a stunning move, bloomberg endorsed president obama, citing his record on climate change issues such as raising fuel emissions standards. meanwhile, gop vice presidential candidate paul ryan suggests taking another
than irene's 15.8 billion, last year. but far below katrina's 108-billion dollars and 18-hundred deaths and missing in 2005. unless there is damage to infrastructure, economists say ports and rail yards will make up for lost business quickly. some stock trades, perhaps not--because a light week was expected pending the outcome of the presidential race, a week from now. among insurers, allstate, travelers and chubb corp have the largest market share in sandy's path. corelogic, estimates it includes 284,000 homes worth $88-billion dollars. economists are mixed on whether the storm's impact will affect fourth- quarter g-d-p. mark vitner, senior economist with wells fargo securities says it depends how much is shut down and for how long. mark zandi at moody's analytics says the storm may cause spikes in economic activity--repairing and rebuilding. depsite the storm-- the government is expected to report unemployment numbers for october this friday. phone companies along the east coast are preparing for the likelihood of overtaxed communication infrastructure during hurricane sandy. at&t is
of gasoline as opposed to the producer, and some other hurricanes like katrina and irene before, they've hit an area that has been a big producer of oil, whereas really, in the northeast, they are the consumers of all of that gasoline, and so demand has dropped, but the supply hasn't really dropped as much. > > so the demand is dropping, especially as people are stuck home and not going to offices for instance. > > right. flights are canceled, and people are not driving around as you said, so the demand there has dropped, and that, interestingly enough, has pushed some prices in the southeast region down even further because that oil that usually would have gone to the northeast has dropped off a little bit. > > so much of this boils down to what's going on with the refineries. so what do you anticipate there? you know, we think that this is going to be just a temporary shutdown in the northeast region, and that, as i said earlier, we are going to continue to see prices continue to drop, and demand will come back up after the hurricane is through. > > quick predictions now: where do you see
Search Results 0 to 2 of about 3